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The FCA has revealed more than 600 so-called ‘ambulance chaser’, or claims management companies (CMCs), have registered with the authority.
The FCA has announced the final rules on the Directory - a new public register that enables consumers, firms and others to find information on key individuals working in financial services.
It is almost exactly one year since Revenue Scotland reversed its decision to levy Land and Buildings Transaction Tax (LBTT) on in-specie transfers between SIPP or SSAS providers. The reversal followed almost two years of industry debates, and indeed efforts to have the original decision overturned.
The Financial Conduct Authority has today published final rules and guidance from its consultation on improving the quality of pension transfer advice.
At first glance, how the Financial Conduct Authority (FCA) intends to improve retirement outcomes for non-advised consumers may appear of little relevance to advisers. And with no short supply of regulatory changes affecting their businesses’, many advisers might have concluded that the time spent reading CP18/17 was more a luxury than a necessity.
For the first time pension scheme members will be given powers to hold their pension schemes to account over how social and environmental factors impact their investments.

Bosses who have jeopardised defined benefit pension schemes could be fined retrospectively, Secretary of State Esther McVey has announced.

Firms are now obliged to inform consumers how much they could gain from shopping around for annuities under new rules which take effect this week.
The FCA is proposing to retain a wider-scale public register of advisers and others working at financial services firms, it announced this morning.
The FCA has launched a probe into possible ‘harm’ to consumers in the non-workplace pensions market.
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